Permian Resources Corporation $PR Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC trimmed its stake in shares of Permian Resources Corporation (NYSE:PR) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,295,381 shares of the company’s stock after selling 163,621 shares during the quarter. GW&K Investment Management LLC owned approximately 0.29% of Permian Resources worth $29,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of Permian Resources by 114.1% during the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock worth $25,000 after purchasing an additional 1,047 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Permian Resources by 154.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock valued at $31,000 after buying an additional 1,391 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Permian Resources by 90.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock worth $39,000 after buying an additional 1,357 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Permian Resources by 340.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after acquiring an additional 3,224 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Permian Resources by 162.4% in the 2nd quarter. Allworth Financial LP now owns 5,430 shares of the company’s stock worth $74,000 after acquiring an additional 3,361 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

More Permian Resources News

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Piper Sandler raised its price target to $24 and reiterated an Overweight rating, implying roughly a 27% upside from current levels — a strong bullish signal that likely helped lift the stock. Piper Sandler PT raise
• Positive Sentiment: UBS raised its price target to $23 and set a Buy rating (about a 22% implied upside), adding further analyst backing that supports higher investor demand. UBS PT raise
• Neutral Sentiment: Aggregated analyst commentary roundups (coverage summarized by Benzinga) provide broader context on expectations for Permian Resources but do not add a single directional surprise beyond the PT changes. Analyst roundup
• Negative Sentiment: Multiple insiders disclosed sizable sales this week: William M. Hickey III sold 898,423 shares and James H. Walter sold 673,425 shares (each sale at ~ $18.38), plus several EVP-level sales (large percentage reductions for some VPs). These block sales could pressure sentiment or be interpreted as material insider liquidity. Insider filings (sample)
• Negative Sentiment: Benchmark Co. downgraded PR from Buy to Hold, removing one source of buy-side conviction and tempering enthusiasm from some investors. Benchmark downgrade

Permian Resources Stock Up 1.7%

PR stock opened at $18.85 on Friday. The stock has a market cap of $15.63 billion, a PE ratio of 15.08 and a beta of 0.66. The firm’s 50-day simple moving average is $15.89 and its 200 day simple moving average is $14.34. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Permian Resources (NYSE:PR) last posted its earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. Permian Resources’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, sell-side analysts predict that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.16 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a yield of 3.4%. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s payout ratio is 51.20%.

Analyst Ratings Changes

Several research firms recently issued reports on PR. Wall Street Zen raised Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Susquehanna dropped their target price on shares of Permian Resources from $20.00 to $18.00 and set a “positive” rating on the stock in a report on Monday, January 26th. Bank of America reaffirmed a “neutral” rating and set a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research report on Friday, January 16th. Morgan Stanley cut their target price on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Benchmark downgraded Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Permian Resources has an average rating of “Moderate Buy” and an average price target of $19.58.

Insider Activity

In other Permian Resources news, EVP John Charles Bell sold 158,385 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.39, for a total transaction of $2,912,700.15. Following the completion of the transaction, the executive vice president owned 1,567,172 shares in the company, valued at approximately $28,820,293.08. The trade was a 9.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William M. Hickey III sold 898,423 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $16,513,014.74. Following the completion of the transaction, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at approximately $172,577,263.90. The trade was a 8.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,965,093 shares of company stock worth $62,487,101 over the last ninety days. 6.44% of the stock is currently owned by company insiders.

Permian Resources Company Profile

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.